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Average lending rate falls sharply to 16.33% in April 2026
Average lending rate have fallen by more than 4.0 percentage points since the beginning of 2026 to 16.33% in April 2026. According to the May 2026 Summary of Economic and Financial Data by the Bank of Ghana, the average lending rate stood at 20.58% in January 2026, but fell to 19.17% in February 2026 and […]
Lands Ministry admits Adamus got no notice before lease revocation
Conflicting accounts have emerged from the Ministry of Lands and Natural Resources over whether Adamus Resources was given notice before its mining leases were revoked. A spokesman to the Lands Minister, Mahmud Kabore has admitted on radio that no notice was served despite a legal requirement to do so. Kabore told Asem...
Eastern Region: Tension over transport fares in Koforidua
Tension remains high in Koforidua this morning as taxi drivers continue to reject some of the conditions being proposed by authorities in an ongoing dispute over transport fares. The standoff has triggered serious traffic congestion, with several taxis off the roads and passengers stranded at various locations across t...
VRA, NEDCo staff reject privatisation
Staff groups of the Volta River Authority (VRA) and the Northern Electricity Distribution Company (NEDCo) have rejected a government proposal to introduce private-sector participation (PSP) in the distribution of power in the northern territory.
Cocoa deforestation: Why Ghana’s fixes keep failing – Prof. Asante
Ghana’s long-running battle against cocoa-related deforestation cannot be resolved through certification, regulation or market restrictions alone, Professor Winston Adams Asante has said. He believes efforts to curb the expansion of cocoa farms into forest areas will continue to fall short unless the country addresses...
Bank of Ghana working to close gap in credit access – Matilda Asante-Asiedu
The Second Deputy Governor of the Bank of Ghana, Mrs Matilda Asante-Asiedu, says the central bank is implementing measures aimed at improving access to credit and deepening financial inclusion across the country.
Review Petroleum Act to secure crude supply for TOR – expert urges
The Executive Director of the Centre for Environmental Management and Sustainable Energy, Benjamin Nsiah, is calling for a review of Ghana’s Petroleum Act to guarantee a more consistent allocation of locally produced crude oil to the Tema Oil Refinery (TOR). He says prioritising domestic crude supply is critical to rev...
Office for Value for Money will reduce contract padding and create fiscal space — Dr. Ato Forson
Finance Minister Cassiel Ato Forson has expressed confidence that the newly established Office for Value for Money will play a critical role in reducing inflated public contracts and cutting wasteful government expenditure. Speaking after President John Dramani Mahama assented to the bill establishing the office, Dr. F...
“Ato Forson is doing well but NDC not better than NPP” – Stephen Amoah
Former Deputy Finance Minister and Nhyiaeso MP, Stephen Amoah, says Finance Minister Cassiel Ato Forson is performing well so far, but maintains that the current National Democratic Congress (NDC) government cannot yet be said to have outperformed the previous New Patriotic Party (NPP) administration. Speaking on Accra...
Ecobank and Proparco deepen partnership to unlock €300m for agriculture, women-led businesses in Africa
Ecobank Group and Proparco Groupe AFD have signed a new partnership agreement aimed at mobilising up to €300 million over the next three years to support agricultural value chains and women entrepreneurs across Africa.
Gov’t may review fuel taxes amid rising oil prices – Kwakye Ofosu
Government Spokesperson Felix Kwakye Ofosu has indicated that the government may review fuel taxes and levies if rising global oil prices begin to place excessive pressure on consumers. Speaking on JoyNews’ The Pulse, Mr. Kwakye Ofosu explained that fuel pricing in Ghana is determined by three key factors: internationa...
Ghana’s public debt hits GH¢674.1bn as of February 2026
Ghana’s public debt stock increased to GH¢674.1 billion as of February 2026. This is equivalent to 42.2% of Gross Domestic Product (GDP). In dollar term, the public debt stock stood at US$63.1 billion in February 2026. According to the Bank of Ghana’s May 2026 Summary of Economic and Financial Data, the country’s debt...